The Foundation, which is dedicated to facilitating code exchange between corporations and the open-source community, made the announcement on May 1.

According to a blog post, AOL is becoming a sponsor so it can transfer its internal open-source projects to the Foundation, "which eliminates the complexity of creating, funding and managing a separate foundation," in the words of Erynn Petersen, AOL SVP of Paid Services Engineering. “Outercurve sponsorship also will make it simpler for our partners to contribute to AOL-sponsored open source projects," Petersen added.